Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 7, 2018 indicate that New Jersey-based Hennion & Walsh broker/adviser Richard Hveem has received regulatory sanctions as well as resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hveem (CRD# 2622370).
Richard Hveem has spent 21 years in the securities industry and has been registered with Hennion & Walsh in Parsippany, New Jersey since 1995. He has no previous registrations. He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on August 13, 2007; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 8, 1995; Series 7 (General Securities Representative Examination), which he obtained on November 11, 1996; and Series 52 (Municipal Securities Representative Examination), which he obtained on July 10, 1995. He is a registered broker and investment adviser with 36 US states and territories.
According to his BrokerCheck report, Richard Hveem has received two regulatory sanctions, three customer complaints, and one pending customer complaint.
In October 2017 a customer alleged Richard Hveem, while employed at Hennion & Walsh, failed to comply with “the shingle theory doctrine” in connection to investments in municipal bonds, mutual funds, and unit investment trusts. The customer is seeking unspecified damages in the pending complaint.
In 2015 a customer alleged Richard Hveem, while employed at Hennion & Walsh, made unsuitable investment recommendations. The complaint settled for $140,000.
In 2011 a customer alleged he, while employed at Hennion & Walsh, recommended an auction rate security “that failed.” The complaint settled for $19,000.
In 2003 a customer alleged he, while employed at Hennion & Walsh, made an unauthorized transaction. The complaint settled for $185,000.
In 2003 the National Association of Securities Dealers (NASD) sanctioned him in connection to allegations he participated in unauthorized transactions. He was suspended for two months and issued a fine of $5,000.
If you or someone you know has a complaint regarding Richard Hveem, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.